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    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
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    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
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    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
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    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
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    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
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    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
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    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
    Show AI Summary
    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
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    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
    Show AI Summary
    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    Show AI Summary
    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
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    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
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    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
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    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.

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      LOSD 25 Visionaries Celebrated Across Borders: A Tribute to Global Impact Leaders

      August 1, 2025

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      New Delhi [India], August 1: In an age calling for purposeful leadership, the Coffee Table Book titled "25 Visionaries of the World 2025" brings together exceptional changemakers from across the globe who are shaping a more inclusive, conscious, and impactful future. Curated and published by LOSD Publishing House (United Kingdom), this prestigious publication has been masterfully edited by Prof. Dr. Parin Somani, the CEO of the London Organisation of Skills Development (LOSD), with the aim to honour individuals whose vision transcends borders. The pre-launch of the book took place on 10th July 2025 at the Houses of Parliament in London, an occasion steeped in dignity and historical significance. The pre-launch was inaugurated by Bob Blackman CBE MP, The Worshipful Madam Mayor of Harrow, London, UK Cllr Anjana Patel, The Worshipful Mayor of Southwark, UK Cllr Sunny Lambe, HH The Prince of Ghana, and Prof. Dr. Parin Somani CEO of LOSD. This monumental moment brought together political dignitaries, community leaders, and global visionaries to collectively celebrate human excellence and transformation. The grand launch was followed on 15th July 2025, at a majestic Scottish castle. The event was immersed in grandeur and reverence, crowned with a mystical music night and presided over by The Worshipful Mayor of Southwark Cllr Sunny Lambe and Prof. Dr. Parin Somani. This enchanting evening celebrated the extraordinary accomplishments of the 25 honourees who, through their courage and foresight, have set new benchmarks for humanitarian, professional, and personal success. Introducing the 25 Visionaries of the World 2025 Each chapter of this coffee table book celebrates an individual who is transforming the world with their ideas, work, and empathy: Bob Blackman CBE MP – A Champion for the Vulnerable: Leading with Integrity and Purpose. As MP for Harrow East and Chairman of the 1922 Committee, Bob Blackman has championed social justice, housing reform, and cultural inclusion. His leadership is grounded in pragmatism, compassion, and consistent public service. Cllr Anjana Patel – A Champion of Community, Culture, and Civic Leadership As Worshipful Madam Mayor of Harrow, Anjana Patel has dedicated her life to public service, education, and empowerment of diverse communities. Her story is one of inclusive leadership and breaking political barriers. Cllr Sunny Lambe – A Champion of Community, Equality, and Empowerment Worshipful Mayor of Southwark, Cllr Sunny Lambe has advanced social justice through public service, community projects, and business empowerment. A true changemaker, he uses lived experience to uplift others. Dr. Lance Haggith OBE – Turning Compassion into Action From sports mentorship to global humanitarian work, Dr. Lance Haggith has turned empathy into life-saving outreach. His mission proves one individual can spark global transformation through consistent compassion. Prof. Dr. Parin Somani – Illuminating the World Through Vision, Knowledge, and Compassion, An academic, humanitarian, and leader of LOSD, Prof. Dr. Somani overcame health battles to inspire millions through education, research, and empowerment across 127 countries. Her legacy is rooted in resilience and service. Jishnu Dev Varma – A Progressive Leader with a Humane Vision As Hon’ble Governor of Telangana and former Deputy CM of Tripura, Jishnu Dev Varma has pioneered tribal empowerment and sustainable development. His leadership blends tradition Esther Jones-Alley – Navigating Her Journey: Finding Fulfilment Beyond Success A Spiritual Architect and Conscious Living Coach, Esther redefined success after a near-death experience, choosing soul-led living over societal expectations. Her story teaches that detours are often divine redirections. Dr. Aditi Govitrikar – A Marvelous Trailblazer of Grace, Grit, and Growth Physician, psychologist, and former Mrs. World, Dr. Aditi Govitrikar blends science and soul to empower women through mental health and holistic wellbeing. She redefines beauty with intellect and inner strength. Shri Rajendra Vishwanath Arlekar – A Visionary Upholding Democratic Values and Cultural Ethos, Hon’ble Governor of Kerala, Shri Arlekar champions value-based leadership, sustainability, and education rooted in Indian heritage. A true statesman, he exemplifies quiet strength and cultural preservation. Dwayne Nathan Jack – A Visionary Forged by Fire From a past of crime and addiction to a transformational leader, Dwayne Jack created "The I AM Way" to awaken divine identity in others. His life is proof that purpose rises from pain. Bhagyashree – The Epitome of Grace, Culture, and Compassionate Leadership Bollywood actress and wellness advocate, Bhagyashree uses her platform to promote holistic health, women’s rights, and cultural pride. Her life harmonises heritage, fame, and humanitarian service. Shri Ram Shinde – Legacy of Service, Vision for Maharashtra Chairman of the Maharashtra Legislative Council, Gov. India, Shri Shinde has revolutionised water conservation, rural empowerment, and agricultural reform. His leadership is grounded in service and historical legacy. Shri Suresh Prabhu – The Architect of Progressive Reform and Global Thought Leadership, Former Union Minister and India’s G7/G20 Sherpa, Shri Prabhu has shaped landmark reforms in power, railways, and trade. His governance model is ethical, futuristic, and globally impactful. Raveena Tandon – The Iconic Star with a Heart of Purpose Padma Shri awardee Raveena Tandon has balanced a stellar acting career with activism for children, women, and animals. She is a living example of celebrity driven by conscience. Venerable Bhikkhu Sanghasena – A Monk of Compassion, A Missionary of Peace Founder of MIMC in Ladakh, Venerable Sanghasena embodies “compassion in action” through spiritual service, education, and global peace advocacy. He brings Buddhist wisdom to the world’s urgent challenges. Dr. Diana Richardson – A Visionary Beauty, Founder of Signature D & Glowgetter Mentor, Dr. Diana empowers women entrepreneurs through beauty, mindset, and mentorship. Her leadership blends elegance with entrepreneurial grit and purpose. Lord Rami Ranger – Values Over Privilege, From humble beginnings to the House of Lords, Lord Ranger credits self-respect, ethics, and empathy for his success. He reshaped British politics and business. Rajayogi B.K. Mruthyunjaya – A Divine Messenger of Peace, Wisdom, and Spiritual Transformation, A spiritual guide with the Brahma Kumaris, Rajayogi Mruthyunjaya promotes inner peace and global harmony. His teachings integrate meditation, morality, and service to humanity. Dr. S.S. Deepak – A Visionary Leader in Medicine and Healthcare, An expert in neurotherapy and integrative medicine, Dr. Deepak has transformed healthcare through holistic, affordable solutions. His approach empowers both practitioners and patients to heal naturally. Prashant Bhalerao – Banking Visionary with a Mission Beyond Finance Prashant Bhalerao integrates ethical leadership into the banking world, mentoring youth and driving community development. His work in finance is rooted in trust, empowerment, and social impact. Dr. Shyam Vishwambhar Lokare – Healing Lives, Empowering Communities A medical professional and social reformer, Dr. Lokare bridges medicine and grassroots activism. His initiatives have helped rural healthcare and education in underserved Indian communities. Dr. Eesha Agarwal – A Burning Vision to a Beauty Queen Dr. Eesha rose to become an international beauty queen and motivational speaker by following her dreams. She champions self-love, resilience, and inner transformation. Richard Whitehead MBE – Running Beyond Limits: A Vision for True Inclusion Paralympic gold medallist Richard Whitehead uses sport to inspire inclusion and break barriers for disabled communities. His advocacy for equal opportunity extends from tracks to global platforms. B.K. Sister Santosh – A Beacon of Spiritual Light in the Heart of Russia, A senior Rajyoga teacher, Sister Santosh has led spiritual awakening across Russia and Europe through the Brahma Kumaris. Her teachings on peace, purity, and divine connection transcend borders. Dr. Omkar Prasad Baidya – A Visionary Who Blends Science, Morality, and Peace, Physician, philosopher, and author, Dr. Baidya explores the moral dimensions of science and spirituality. He advocates for inner peace as the foundation for global ethics and unity. Book Availability "25 Visionaries of the World 2025" is now available for purchase on Amazon. The book is a collector’s item and an evergreen source of inspiration for anyone passionate about purpose-driven living. [Link] Upcoming Opportunity: 26 Game Changers of the World 2026 Are you driving transformation in lives, communities, or industries? LOSD Publishing House invites visionary individuals to be featured in our esteemed upcoming edition: “26 Game Changers of the Year 2026.” This global coffee table book will honour changemakers whose stories spark innovation, ignite inspiration, and catalyse meaningful change worldwide. We are now welcoming submissions from exceptional Game Changers ready to showcase their journey and global impact. Submission Guidelines: • A 500-word narrative (third person) detailing your personal journey, key achievements, and transformative contributions. • A 100-word biography including your full name, title/designation, and professional affiliations. • Three high-resolution, professional-quality photographs:  • One full-length image  • Two half-length or portrait-style images Submit your chapter to: [email protected] Deadline: 30th September 2025 Dare to be seen. Dare to inspire. This is your chance to join a global platform and be recognised among the world’s most impactful game changers. Get Involved & Share Your Legacy Email: [email protected] Website: www.losd.co.uk/publishing Instagram | Facebook | LinkedIn: @LOSD.Official https://www.amazon.co.uk/Visionaries-World-Prof-Parin-Somani/dp/B0FGXF5ZV4 (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI

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